Welcome to our dedicated page for Pasofino Gold news (Ticker: EFRGF), a resource for investors and traders seeking the latest updates and insights on Pasofino Gold stock.
Pasofino Gold Limited (OTCQB: EFRGF; TSXV: VEIN) generates news primarily through developments at its Dugbe Gold Project in southern Liberia. As a Canadian-based mineral exploration company in the gold ore mining industry, Pasofino’s updates focus on exploration results, feasibility study work, project agreements, and corporate actions related to this large gold project.
News releases frequently cover technical milestones such as drilling programs at the Tuzon and Dugbe F deposits, exploration at additional prospects like Jadae East, Bukon Jedeh, and the DSZ target, and progress on feasibility study updates. The company reports on Mineral Resource Estimates, Mineral Reserve Estimates, and the work of independent consultants engaged to refine the project’s geology, mine plan, processing options, infrastructure, and environmental and social studies.
Investors following EFRGF news will also see disclosures about the 25-year Mineral Development Agreement with the Government of Liberia, including fiscal terms such as royalties, tax rates, fuel duty reductions, and the government’s 10% free carried interest. Some releases describe discussions with the Government of Liberia regarding overdue payments and alleged defaults under the MDA, as well as Pasofino’s intention to address these matters within the agreement’s consultation and cure mechanisms.
In addition, Pasofino issues news on corporate and capital markets activities, including the filing of audited financial statements, participation in investor conferences and webinars, and the engagement of Independent Trading Group Inc. to provide market-making services for its shares on the TSX Venture Exchange. For readers tracking EFRGF, this news page brings together exploration updates, feasibility study progress, regulatory and agreement-related developments, and corporate communications in one place.
Pasofino Gold (OTCQB: EFRGF) has agreed to be acquired by Mansa Resources via a court-approved plan of arrangement for CAD$0.90 per share, implying a fully diluted equity value of ~CAD$141.6 million. The deal includes a Promissory Note from Mansa of up to US$10 million at 12% per annum to fund interim working capital. The transaction is supported by Mansa (≈51% of shares) and other insiders, representing ~76% shareholder support, and is expected to close in Q1 2026. The Purchase Price represents a premium of ~23% to the Jan 23, 2026 close, ~47% to the 20-day VWAP and ~59% to the 90-day VWAP. Completion requires shareholder, securityholder, court and regulatory approvals; Pasofino shares are expected to be de-listed and reporting ceased on closing.
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Pasofino Gold (OTCQB: EFRGF) highlighted progress at its 100%-owned Dugbe Gold Project in Liberia on November 24, 2025. Management cited an updated feasibility study, a recent C$12 million financing, and a project inventory of 3.9 million ounces of gold as drivers of renewed momentum. The company also noted strong local support and framed Liberia as a stable jurisdiction amid a global gold bull market.
Pasofino Gold (OTCQB: EFRGF) announced that shareholders approved all proposals at the annual general and special meeting held on October 28, 2025 in Toronto.
Approved matters: re-appointment of McGovern Hurley LLP as auditors with directors authorized to fix remuneration; the board size fixed at six directors; election of Oumar Toguyeni, Geoffrey Eyre, Krisztian Toth, Ahmet Emre Kayışoğlu, Arnaud Lelouvier, and Brett Richards; and re-approval of the Company's long-term incentive plan. Each of the four matters received >75% approval, with approximately 83 million shares voted. Further details are in the Management Information Circular dated September 24, 2025.
Pasofino Gold (OTCQB: EFRGF) announced its participation in the Centurion One Capital 2nd Annual Bahamas Summit, taking place October 22-23, 2024, at the Rosewood Baha Mar Hotel in Nassau. CEO Brett Richards will present on October 28th at 10:00 AM EDT.
The company is currently updating its 2022 feasibility study for the 1,410 km² Dugbe gold project in Liberia. Key improvements include incorporating higher gold prices and increasing recovery rates from 83% to 90%. Recently, Pasofino completed a C$12.0 million non-brokered private placement and finished its Phase One Gap Analysis Update to the feasibility study.
Pasofino Gold (OTCQB: EFRGF) has provided an update on its exploration program at the Dugbe Gold Project in Liberia. The company is focusing on two promising new drill targets: Jadae East and DSZ, both located along the Dugbe Shear zone near the existing 3.3 Moz Mineral Resource at Tuzon and Dugbe F deposits.
At Jadae East, the team has identified 7 areas of extensive artisanal gold mining within a 3x3 km area. The DSZ target features a channel sample that returned 36 meters averaging 0.6 g/t Au in folded host rocks similar to Tuzon. The company plans to commence drilling in October 2025, targeting areas where deposits similar to Tuzon, which hosts an Indicated Mineral Resource of 2.4 Moz gold averaging 1.40 g/t Au, may be found.
Pasofino Gold (OTCQB: EFRGF) has announced the filing of its annual audited financial statements and management's discussion and analysis for the fiscal year ended April 30, 2025. The Annual Filings are now accessible through the company's profile on SEDARplus and Pasofino's corporate website.
Pasofino Gold (OTCQB: EFRGF) has completed Phase One gap analysis update to its 2022 feasibility study for the Dugbe Gold Project in Liberia. The analysis, conducted by MineScope Services, found no fatal flaws but identified several areas requiring additional work.
The company plans a comprehensive 12-month work program estimated to cost US$6.0-8.0 million, including a 16,000m drilling program, metallurgical testing, and infrastructure reviews. Additional costs include US$1.8 million in government fees for ESIA submission and mining license application.
Notably, Pasofino faces challenges with the Liberian government, owing US$3.5 million in overdue payments, which must be addressed by early September 2025 to avoid potential MDA cancellation.
Pasofino Gold (OTCQB: EFRGF) has engaged Independent Trading Group (ITG) to provide market making services for its common shares. The agreement, effective May 14, 2025, involves ITG maintaining market liquidity and improving trading quality of Pasofino shares across the TSXV and other venues.
Under the agreement terms, ITG will receive monthly compensation of C$5,000 plus taxes, with an initial one-month term that automatically renews. The Company has already paid ITG C$17,857.14 to date. The arrangement can be terminated by either party with 30 days' notice, and notably, ITG will not receive any shares, options, or other securities as compensation.
Pasofino Gold (TSXV: VEIN) announced its participation in a live virtual corporate update hosted by Red Cloud Financial Services on August 15th, 2025 at 3:00 PM ET. The presentation will include a Q&A session and will be available for replay on Red Cloud's website.
The company owns 100% of the Dugbe Gold Project in Liberia and plans to update its 2022 feasibility study in 2026. Pasofino aims to make a construction decision and secure project financing in H1 2026. The company's major shareholder, Mansa Resources Inc., along with its parent organizations, is committed to financing the project through to commercial production.